Dhaka,  Sunday
30 June 2024

Tk 10,454 cr earned in 10 years from jute export

Messenger Online

Published: 19:55, 27 June 2024

Tk 10,454 cr earned in 10 years from jute export

Photo : Collected

Textiles and Jute Minister Jahangir Kabir Nanak on Thursday (27 June) said the government has earned about Tk 10,454 crore exporting jute from 2012-13 to 2022-23 fiscal years. He came up with the disclosure at the question and answer session at the ongoing budget session of the parliament responding to a question from the ruling Awami League lawmaker elected from Noakhali Morshed Alam.

Stating that 19.07 lakh metric tons of raw jute have been exported from Bangladesh in the last 10 years, the minister said that jute was exported to 135 countries including India, Pakistan, China, Nepal, Brazil, UK, Djibouti, Vietnam, Austria, the United States, Spain, Germany, Mexico, France, Malaysia, Japan, Korea, Turkey, Indonesia, Belgium, Tunisia, Kenya, Uganda and Singapore.

In response to the question of AL lawmaker elected from Dhaka AFM Bahauddin Nashim, Nanak said that under an advanced technology-based jute and jute seed production and expansion project from 2018 to June 2024, 12.9 lakh metric tons of raw jute and 2,164 metric tons of jute seeds have been produced.

In response to the question of independent lawmakers elected from Nilphamari Saddam Hussain Pavel, the minister said that there is a demand for about seven billion meters of textiles in the local market currently.

He said that in terms of the export of readymade garments, the demand for woollen and denim fabrics is about eight billion meters.

Of this, about four billion meters are produced domestically and about four billion meters are imported.

However, in terms of export of readymade garments, the demand for net yarn is about 16 lakh metric tons, he said.

Out of this, about 12 lakh metric tons of yarn is produced in the country and there is a shortfall of about four lakh metric tons which is imported.

Imports are done mainly from China and India to meet the shortage (of wool and denim), he said.

He said that industrial entrepreneurs are setting up new textile and yarn-producing industries in the country.

As a result, the shortage of ovens and denim fabrics for the export of ready-made garments will gradually decrease, he added.

Messenger/Mumu

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